How to “multiple offers” work?

Multiple offers occur when more than one buyer makes an offer on your property at the same time. These are sometimes called “bidding wars”. Expect buyers to come in with their best foot forward, meaning they often will come in at their highest price, with as few conditions as possible, and offering other incentives like lining up closing dates, being flexible on chattels that may be included with the home, and writing heartfelt letters to get your attention.

At the time of multiple offers, your Realtor® will present each to you, and be able to answer any questions you may have about each offer. There is seldom negotiation at this point, but occasionally some small changes occur with the best offer.

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